Lawmakers Eye Policy Actions on Debt Limit
The New Year’s cliff deal postponed the across-the-board spending cuts mandated by last year’s debt ceiling for two months, until March 1, right around when Treasury will brush up against the debt
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Pallone Makes Preparations for Senate Campaign in N.J.
“Our No. 1 concern is to get a gubernatorial candidate and lieutenant governor, to get that going,” Bergen County Democratic Chairman Lou Stellato said.
Under Bipartisan Fire, House GOP Leaders Set Up Votes for Sandy Aid
Chris Christie led the attacks on the speaker for failing to bring to the floor, and thus killing, a Senate-passed bill (HR 1) that would have provided $60.4 billion in disaster funding.
With Cliff Legislation Now in House’s Court, Leaders Mull Options
They will meet with their conference at 1 p.m., likely to discuss their options and the particulars of the Senate-passed legislation (HR 8). Speaker John A.
Negotiating 101, 112th Congress-Style
And in the next round, Obama’s vow not to negotiate over the debt ceiling will run headlong into Boehner’s treasured “Boehner Rule,” a demand for $1 in deficit cuts for every $1 in new debt.
House Leaders on Both Sides Begin Dealing With Member Reaction to Cliff Options
The conference met for the first time at 1 p.m. and votes that were originally scheduled to be held after the meeting were postponed until later in the afternoon.
GOP Leaders Delay Sandy Relief, Angering Northeast Lawmakers
The House would take up the Senate bill (HR 1), then consider a $27 billion alternative that would address some of the most immediate needs, such as a $9.7 billion increase in borrowing authority for the
House GOP Balks at Senate Cliff Bill but Has Few Options, Little Time Left
Boehner struggled to pass his “plan B” legislation last month after members balked at the prospect of allowing tax rates to rise on those making more than $1 million annually.
Today at a Glance: Jan. 1, 2013
At 1:30 a.m., the Senate passed a deal struck with the White House on impending tax increases. Senate Majority Leader Harry Reid, D-Nev., says the chamber will likely reconvene Jan. 3.
‘Doc Fix’ Up in Air in Fiscal Cliff Talks
Whether lawmakers will act to block scheduled cuts to Medicare physician payment rates before Jan. 1 remains up in the air, as discussions on a plan to avert the fiscal cliff deteriorated Sunday.
Obama’s Call for More Revenue Next Year Angers GOP Senators
Boehner was open to a deal that raised taxes by $1 trillion and cut spending by $1 trillion.
For Tax Measures, Deadlines Extend Beyond Midnight
Senators have been motivated to complete a deal by Jan. 1 so that they could say that they acted to prevent a tax increase on middle-class families.
Political Spending Sets New Records During Tumultuous Year
Unrestricted super PACs and politically active advocacy groups spent more than $1 billion on campaign activities, and many found creative ways to avoid disclosing their funders.
One-Year ‘Doc Fix’ Included in Fiscal Cliff Package
Biden Jr. and Senate Republican Leader Mitch McConnell of Kentucky, would block scheduled 27 percent payment cuts to Medicare physicians that start Jan. 1, and keep rates frozen at current levels for one
House Considers Sandy Aid Vote Tuesday Amid Expense Concerns
Republicans leaving a Monday evening caucus meeting said decisions about the scale of the bill (HR 1) that the Senate passed Dec. 28 remained up in the air.
House Sets Up Three Options to Extend Farm Programs
All three would put on hold a return to 1949 permanent law, delaying the so-called dairy cliff that is set to occur Jan. 1.
Obama Keeps Pressure on Congress to Reach Agreement
President Barack Obama on Sunday sought to ratchet up the pressure on Congress to pass an eleventh hour legislative package to limit the effect of tax increases set to take effect Jan. 1.
Reid, McConnell Cast Doubt on Last-Minute Cliff Pact
agreement — exchanged terse and matter-of-fact statements with Reid, D-Nev., on the Senate floor, casting doubt on the prospects for a deal that would prevent tax increases for all Americans beginning Jan. 1.
‘Chained CPI’ Gone for Now, but Likely to Rear Up Again
But that offer — made before Christmas — was part of a grand bargain, one that would include a long-term debt limit hike and far more revenue, $1.3 trillion as opposed to the less than $1 trillion
Fiscal Cliff Agreement Continues to Elude Senators
It also appears more likely that House GOP leaders may prefer not to vote on any deal until Jan. 2, when any agreement would technically represent a tax cut after rates go up on Jan. 1.